East Seaham (postcode 2324) is a sparsely populated locality in New South Wales within the Port Stephens local government area. It is home to about 353 residents, with an established demographic and a median age of 42. Households earn a median income of $117K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, managers, professionals. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Aboriginal Australian.
Median house prices in East Seaham stand at $1.1 million, having ticked up by 0.5% over the last twelve months. The current median weekly rent is $598. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,167.
Public transport access includes 5 bus stops. The crime rate in the Port Stephens LGA is below average at 3,152 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 9.2x is considered moderate. House prices have moved +0.5% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.